Major Drilling And Well Service Equipment Auction

ODESSA, Texas, Oct. 29, 2012 /PRNewswire/ -- Kruse Energy and Equipment Auctioneers, LLC is announcing a major equipment auction for the Oil and Gas Industry to be conducted in Odessa, Texas on November 7 & 8. This auction includes equipment from some of the largest oilfield service companies in the USA.

The equipment in this auction includes 40 drilling and well service rigs. Included in these rigs is a 1500HP drilling rig, with limited service, a Cooper LTO 350 service rig remanufactured by Falcon Rigs in 2012 and 13 swab rigs. This auction also includes 50 well service triplex pumps, 100 well service BOPS, 20 power swivel/drillmobiles, 100 rigup and heavy haul trucks, 40 Vacuum Transports, New Well Service Tanks and Construction Equipment.

The equipment is available for preview beginning November 1, 8:00AM to 5:00PM. The equipment is located in 12 yards in the following cities, Kilgore, Texas, Eastland, Texas, Pettus, Texas, Bryan, Texas, Liberty, Texas, Van, Texas, Guymon, Oklahoma, El Reno, Oklahoma, Tioga, ND, and 3 yards in Odessa, Tx. Detail information of the equipment, directions to the yards and terms and conditions for this auction may be viewed at www.kruseenergy.com

For more than three decades Kruse Energy has been the worldwide leader in Oil and Gas equipment auctions. David Long, co-founder of Kruse Energy and Equipment says, "Odessa is always one of our strongest sale locations. With the equipment in this auction, the auction bidding will be strong."

Company co-founder Jim Richie will be head auctioneer for this auction.

Kruse Energy and Equipment LLC is the world's largest auction firm specializing in the sale of oilfield equipment. Kruse Energy has offices in Odessa, San Antonio, and Tyler, Texas, Oklahoma City and Tulsa, Oklahoma.

This auction will be held at the MCM Elegante Hotel, 5200 E University, Odessa, Texas, 79765 Reservations: 866-368-5885